Sainik Finance & Industries reported a net profit of ₹92.21 lakh for the quarter ended June 30, 2026, marking a decline of 2.47% from ₹94.56 lakh in Q1FY25. The bottom-line contraction occurred despite a robust 22.08% expansion in revenue from operations to ₹441.93 lakh, driven primarily by higher interest income. Concurrently, the company’s Board of Directors underwent significant changes on August 12, 2026, accepting the resignation of Non-Executive Director Kuldeep Singh Solanki and appointing Somvir Sindhu as an Additional Director.

The financial results were reviewed by statutory auditors M/s. Kumra Bhatia & Co. and approved by the Board on August 12, 2026. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Sainik Finance & Industries Limited notified BSE Limited regarding these governance shifts. Solanki’s resignation letter, dated August 4, 2026, cited other preoccupations as the sole reason for his departure, confirming no material disagreements. Consequently, he ceased to be a member of the Stakeholders Relationship Committee and the Corporate Social Responsibility Committee.

Financial Performance Highlights

Total income rose to ₹442.02 lakh from ₹361.99 lakh in Q1FY25. This growth was partially offset by rising finance costs, which increased to ₹270.52 lakh from ₹227.81 lakh in the corresponding period last year. Employee benefits expense also saw a slight increase to ₹25.32 lakh from ₹22.79 lakh. Other income remained negligible at ₹0.09 lakh.

Profit before tax improved significantly by 33.63% to ₹123.23 lakh, aided by deferred tax benefits of ₹1.49 lakh. However, current tax expenses remained substantial at ₹32.51 lakh. Earnings per share (basic and diluted) stood at ₹0.85, down from ₹0.87 in Q1FY25.

Governance Changes

Somvir Sindhu was appointed as a Non-Executive Additional Director effective August 12, 2026. His appointment is subject to regularization by shareholders at the ensuing 34th Annual General Meeting (AGM). Sindhu holds a graduation degree and has over 10 years of experience in coal mining, mining logistics, coal beneficiation, power generation, and real estate through his family business interests. He is not related to any existing director of the company. The Board reconstituted the Stakeholders Relationship Committee and Corporate Social Responsibility Committee to reflect these changes. The company’s paid-up equity share capital remains unchanged at ₹1,088.00 lakh.

What the Numbers Show

The divergence between strong top-line growth of 22.08% and marginal net profit decline highlights margin pressure from rising finance costs. While interest income grew robustly, finance costs increased by nearly 18.7%, suggesting that the cost of funds or borrowing volume may have risen disproportionately to lending assets. Impairment charges decreased to ₹5.93 lakh from ₹9.30 lakh, indicating slight improvement in asset quality, though this remains a key risk factor.

Promoters of sainik finance & industries acquired shares through an off-market inter-se transfer on March 30, 2026. The acquirers submitted revised disclosures under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 to BSE Limited on July 18, 2026. The filing updates the shareholding details following the transaction involving multiple promoter group members.

The disclosures detail the acquisition of shares by several acquirers, including Vritpal Sindhu, Abhimanyu Sindhu, Satyapal Sindhu, Dev Sindhu, Saurabh Sindhu, Sarvesh Sindhu, Somvir Sindhu, Shashi Sindhu, and Anika Sindhu. The shares were acquired from Kuldeep Singh Solanki, who sold his entire holding of 2,503,982 shares, representing 23.01% of the total share capital. Following the sale, Solanki's holding in the company reduced to zero.

Acquisition Details

The transaction involved the transfer of shares among the promoter group members. The mode of acquisition was classified as an off-market inter-se transfer. The equity share capital of the target company remained unchanged at Rs. 10,88,00,000, consisting of 10,880,000 equity shares of Rs. 10 each, both before and after the acquisition.

Shareholding Changes

The table below summarizes the changes in shareholding for the key acquirers involved in the transaction:

The revised disclosures were signed by the respective acquirers and the seller on July 18, 2026, in Delhi. The filings were submitted to the Company Secretary & Compliance Officer of Sainik Finance & Industries Limited.